Ever since price came back under the 0.89000 resistance area, it’s been aggressively bearish. With the bearish sentiment in mind, it seems that price has created a a rising wedge pattern. This suggests to me that the bearish momentum is still strong for the time being.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.